BFIL Scholarship Programme For Members’ Daughters : Bharat Financial Inclusion
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Organisation : Bharat Financial Inclusion Limited
Scholarship Name : Scholarship Programme For Members’ Daughters
Applicable For : Members’ Daughters
Website : https://www.bfil.co.in/
Scholarship Form : www.scholarships.net.in/uploads/17502-Program.docx
Scholarship Programme :
Bharat Financial Inclusion Limited (formerly known as ‘SKS Microfinance Limited’) has launched a scholarship programme for its Members’ daughters. Girls passing their Secondary School Certificate (10th class) or Intermediate Examinations (12th class) will receive a scholarship to pursue further studies.
Related : Central Coalfields Coal India Merit/ General Scholarship : www.scholarships.net.in/17498.html
Objective:
The objective of the programme is to encourage Member’s daughters to take up higher education by providing financial support to promising students.
Scholarships :
1,000 Scholarships to be distributed across 16 states based on member base as per the table in Annexure.
Two types of scholarships to be awarded :
1. For 10th pass (that is, fees for higher secondary admission)
Slab-Wise Scholarships :
** Rs. 20,000 for students scoring above 90%
** Rs. 15,000: Students scoring 81% to 89%
** Rs. 12,500: Students scoring 76%-80% marks
** Rs. 10,000 : Students scoring less than 75%* but more than 60%
2. For +2 ( that is, fees for college admission):
Slab-Wise Scholarships :
** Rs. 25,000: Students scoring above 90%
** Rs. 20,000: Students scoring 81% to 89%
** Rs. 17,500: Students scoring 76%-80% marks
** Rs. 15,000: Students scoring less than 75%* but more than 60%
Scholarships awarded based on a list of students (with the highest marks), approved by a specially appointed Scholarship Committee. Top students secure the scholarships.
Selection & Awarding Process:
EY has been appointed as official tabulator for the Scholarship Program. Selected girls will receive the cash award which is directly credited into their bank account.
Eligibility Criteria That Is Followed For Selecting Winners:
** Candidate should be a Member’s daughter
** Candidates have to be daughters of existing loan clients of BFIL who have completed at least two loan cycles with the Company.
** Candidates have to have passed either the Secondary School Certificate Examination or the Intermediate Examination and taken admission for higher education.
** All documentary evidence required to satisfy the above criteria have to be in order including payment of fees for the next level of education.
Annexure :
State-wise number of scholarships based on membership
| Sr. No. | State | No. of borrowers (Dec ‘15) | No. of Scholarships |
| 1 | Delhi | 3923 | 1 |
| 2 | Himachal Pradesh | 5283 | 1 |
| 3 | Uttarakhand | 42455 | 10 |
| 4 | Chhattisgarh | 55923 | 13 |
| 5 | Punjab | 67167 | 16 |
| 6 | Haryana | 72426 | 17 |
| 7 | Jharkhand | 180011 | 43 |
| 8 | Rajasthan | 205089 | 49 |
| 9 | Kerala | 219333 | 53 |
| 10 | Madhya Pradesh | 235792 | 57 |
| 11 | Uttar Pradesh | 401529 | 96 |
| 12 | West Bengal | 452382 | 109 |
| 13 | Bihar | 474787 | 114 |
| 14 | Maharashtra | 498152 | 120 |
| 15 | Karnataka | 539769 | 130 |
| 16 | Odisha | 710088 | 171 |
| 17 | Telangana | 765652 | – |
| 18 | Andhra Pradesh | 834738 | – |
| Total | 1000 | ||
About BFIL :
Microfinance is an effective tool that can help reduce poverty and spread economic opportunity by giving poor people access to financial services, such as credit and insurance. BFIL distributes small loans that begin at Rs. 2,000 to Rs. 12,000 (about $44-$260) to poor women so they can start and expand simple businesses and increase their incomes. Their micro-enterprises range from raising cows and goats in order to sell their milk, to opening a village tea stall.